you will pay $7,800 in taxes which means your net income will be $52,000. if we do not avert that fiscal cliff, your net income will be $50,000.0,000.3 that is the issue we get caught up in. it is more than that. what americans do not realize is 50% of your money is paid in taxes when you are driving down the road and paying a toll, you are paying a tax. when you are going to the grocery store, you are paying a tax. when you are crossing those roads and bridges, you are paying a tax. when you get your water bill, your utility bill, that bill has increased 40% from 20 years ago.